Archies approves FY26 financials, reappoints Anil Moolchandani as CMD
- Archies Limited adopted standalone audited financial statements for FY26 at its 36th AGM
- Anil Moolchandani reappointed as CMD for two years effective August 28, 2026
- Voting results show 99.97% assent for financial adoption and independent director appointment
- Related party votes excluded from leadership reappointment tallies per regulatory norms
*this image is generated using AI for illustrative purposes only.
Archies Limited approved its standalone audited financial statements for the fiscal year ended March 31, 2026, during its 36th Annual General Meeting held on September 24, 2026. The voting results were officially submitted to stock exchanges on September 25, 2026.
The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw the adoption of the Board of Directors' report and auditor's report. The company confirmed there were no adverse remarks in the Statutory Audit Report or Secretarial Report.
Director appointments and reappointments
Shareholders passed resolutions regarding key leadership roles within the company. Varun Moolchandani, who retired by rotation and offered himself for re-appointment, was reappointed as a director. Additionally, Anil Moolchandani was reappointed as Chairman and Managing Director for a period of two years, effective August 28, 2026.
The meeting also approved the appointment of Anil Kumar Verma as an Independent Director for a five-year term, effective August 14, 2026.
Voting outcomes and scrutiny
The scrutinizer’s report, issued by Dayal & Maur Company Secretaries, confirmed that all four ordinary and special resolutions were passed with the requisite majority. A total of 223 members cast votes representing 19,006,603 shares, which constituted 56.27% of the total paid-up share capital.
For the adoption of financial statements (Resolution 1) and the appointment of Anil Kumar Verma (Resolution 4), the votes in favour stood at 99.97%. For the reappointment of Varun Moolchandani (Resolution 2) and Anil Moolchandani (Resolution 3), the valid votes polled were lower due to the exclusion of related party folios. Specifically, 18,911,400 votes were not considered as they were cast by eight related party folios of the proposed appointees. Among the valid votes for these leadership roles, assent was recorded at 94.02% against dissent at 5.98%.
| Resolution | Subject | Votes Polled (Valid) | Assent (%) | Dissent (%) | Status |
|---|---|---|---|---|---|
| 1 | Adoption of FY26 Financial Statements | 19,006,603 | 99.97% | 0.03% | Passed |
| 2 | Reappointment of Varun Moolchandani | 95,203 | 94.02% | 5.98% | Passed |
| 3 | Reappointment of Anil Moolchandani (CMD) | 95,203 | 94.02% | 5.98% | Passed |
| 4 | Appointment of Anil Kumar Verma (ID) | 19,006,603 | 99.97% | 0.03% | Passed |
Meeting proceedings and voting
The AGM commenced at 11:30 am with a welcome address by Chiranjivi Ramuka, Company Secretary and Compliance Officer. Due to health issues, Chairman Anil Moolchandani attended via a technical login, and his speech was delivered by Hanisha, Executive Director. A total of 208 members attended the meeting, ensuring a requisite quorum.
Remote e-voting was facilitated through MUFG Intime India Private Limited from September 21 to September 23, 2026. Dayal & Maur, Company Secretaries, served as the scrutinizer to ensure a fair and transparent voting process. The combined results of remote and online voting have been declared pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Archies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.84% | +0.41% | -8.55% | -5.67% | -43.29% | -28.28% |
How will the new five-year tenure of Independent Director Anil Kumar Verma influence Archies Limited's governance standards and strategic oversight in the coming fiscal years?
What specific operational or expansion strategies has Chairman and Managing Director Anil Moolchandani outlined for the next two-year term following his reappointment?
Given the 5.98% dissent in the reappointment resolutions, are there underlying shareholder concerns regarding the concentration of control within the Moolchandani family that could impact future corporate actions?
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